BEIJING, Feb. 11, 2014 /PRNewswire/ -- Huaneng Power International, Inc. ("HPI" or the "Company") (NYSE: HNP; HKEx: 902; SSE: 600011) announced the adjustment of on-grid tariffs of its gas fired power plants.
The Company recently received the Notification from Beijing Municipal Development and Reform Commission Regarding Adjustment of the Temporary Settlement On-Grid Tariffs of Beijing Municipal Gas Fired Power Generation Enterprises (Jing Fa Gai  No. 117) and the Notification from Shanghai Municipal Pricing Bureau Regarding Resolving the Tariffs Conflict of Shanghai Municipal (Hu Jia Guan  No. 3). According to the aforesaid tariffs adjustment documents, the on-grid tariffs of the Company's domestic gas fired power plants will be adjusted as set out below.
The temporary settlement on-grid tariffs of Beijing Co-generation will be adjusted to RMB 650/MWh. The on-grid tariffs of Shanghai Combined-cycle will be divided into two parts, i.e. generation tariffs and capacity tariffs. Pursuant to such adjustment, the generation tariffs will increase to RMB 534/MWh while the subsidy in the form of capacity tariffs will remain unchanged. Based on the installed generation capacity of Shanghai Combined-cycle, the subsidy is RMB45.83/KW per month.
The above mentioned adjustment on tariffs has been effective as of 20 January 2014.
About the Company
The Company is one of China's largest listed power producers with controlled generation capacity of 66,795MW and equity-based generation capacity of 59,625MW. The power plants of the Company are located in 19 provinces, municipalities and autonomous regions in China. The Company also has a wholly-owned power company in Singapore.
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SOURCE Huaneng Power International, Inc.